Fannie Mae (FNMA)

[30yrFixedFan]

Warrants cannot be exercised. A warrant is the right to “Purchase” a share at a set price with-in a set period of time. Treasury was authorized to “Purchase” shares and securities for a couple years at the beginning of the great recession. That authorization has expired. Exercising a warrant is a “Purchase” regardless if it is .0001c or $1,00. Treasury cannot purchase stocks in private companies without the approval of congress.